"Philippine President (Rodrigo) Duterte is going all out to sort out the security issue in the country.

"Our reluctance to get shark species protected, will give opportunities for other countries to take advantage of the diving industry," he said in his closing speech during the 'My Fin My Life' campaign at the Kota Kinabalu Business dialogue here.

Last year, about 55,000 divers came to Sabah and 80 per cent of them wanted to see live sharks in the sea.

The year-long activity alone contributed more than RM300 million in tourism receipts.

Masidi added that besides restaurants, local employment in tourism services would be greatly affected when the population of the marine ecosystem's apex predator diminishes.